Marine Products Corporation Welcomes Gary Kolstad to Board
Marine Products Corporation Welcomes New Board Member
Marine Products Corporation has made a significant addition to its leadership team with the appointment of Gary Kolstad to its Board of Directors. Kolstad's extensive background in business and engineering positions him well to contribute to the company’s direction and success. He holds a B.S. in petroleum engineering from Montana Technological University, accompanied by studies in Psychology and Engineering at Montana State University-Bozeman. His diverse career spans various roles, culminating as the Chairman and CEO of both public and private companies. Currently, he also serves as an Advisory Board Member and Investor in multiple ventures. This robust experience promises to be a valuable asset for Marine Products Corporation.
Insights from Leadership
Richard A. Hubbell, Chairman of Marine Products Corporation, expressed enthusiasm regarding Kolstad's board appointment, stating, "Gary Kolstad's board and management experience has been beneficial to the boards on which he has served. We look forward to his contributions to our board in the years ahead." This sentiment highlights the confidence the leadership has in Kolstad’s ability to impact the company positively.
Company Overview
Marine Products Corporation, publicly traded on the NYSE under the ticker MPX, is renowned for manufacturing high-quality fiberglass boats, specifically under the Chaparral and Robalo brand names. The Chaparral lineup includes a variety of sterndrive models such as SSi Sportboats and SSX Luxury Sportboats, complemented by the SURF Series. For outboard enthusiasts, Chaparral offers OSX Luxury Sportboats and SSi Outboard Bowriders. Robalo caters to the sport fishing market with an impressive selection that features Center Consoles, Dual Consoles, and Cayman Bay Boats.
Commitment to Innovation
Marine Products Corporation remains steadfast in its commitment to product innovation and diversification. By continuously evolving its offerings, the company strategically positions itself to capture new opportunities within the marketplace. Their robust capital structure and strong independent dealer network equip them to seize market share and deliver superior financial performance, ultimately aiming to enhance long-term shareholder value.
Contact Information
For inquiries regarding Marine Products Corporation or the recent board appointment, interested parties can reach out to Michael L. Schmit, Chief Financial Officer. He can be contacted at (404) 321-7910. For further information, Joshua Large, Vice President of Corporate Finance and Investor Relations, is also available at (404) 321-2152.
Frequently Asked Questions
What is the significance of Gary Kolstad's appointment?
Gary Kolstad brings a wealth of experience in business leadership, which is expected to significantly enhance Marine Products Corporation's strategic direction.
What are the main brands of Marine Products Corporation?
Marine Products Corporation primarily manufactures high-quality fiberglass boats under the Chaparral and Robalo brands.
What is the ticker symbol for Marine Products Corporation?
The company is listed on the NYSE with the ticker symbol MPX.
How does Marine Products Corporation plan to enhance shareholder value?
The company focuses on product innovation, market diversification, and strong dealer networks to drive performance and boost shareholder value over time.
Who can be contacted for more information?
Michael L. Schmit, CFO, and Joshua Large, VP of Corporate Finance, are available for any inquiries regarding the company.
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